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C. Suppose that the results of your study were as shown above, except that 1U out of l respondents say they would he willing to

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C. Suppose that the results of your study were as shown above, except that 1U out of l respondents say they would he willing to pay $1,533. How would this affect your estimates of the median WP and mean 'WTP? D. Suppose that the members of this community were asked to vote on a whether or not this program should he implemented. The referendum states that, if the program is approved, it will he funded by billing each adult in the community some fixed amount of money. If the amount that each adult would be billed were equal to the mean 'WTP you calculated in part E":- of this problem, would you expect the referendum to he approved by the voters? [State any assumptions that you make.)

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